Other things equal,a decrease in the price level will
A) shift the AS curve to the left.
B) shift the AS curve to the right.
C) cause a movement up the AS curve.
D) cause a movement down the AS curve.

Question

Quizplus · Accepted Answer

A decrease in the price level will cause a movement down the AS curve, as it reflects a lower price level leading to a lower quantity of goods and services supplied, assuming other factors remain constant.

Other Things Equal,a Decrease in the Price Level Will